Identify the actual Florida public buyer.
MyFloridaMarketPlace helps vendors participate in State procurement, but MFMP itself is not the customer. Record the State agency, county, city, school, university, authority, prime contractor, or federal agency named on the executed contract or purchase order.
Capture the solicitation and contract numbers, legal vendor name, scope, value, term, billing schedule, payment clause, renewal options, insurance, bond requirements, acceptance process, retainage, and amendments. For Miami-Dade, Broward, Orlando, or another local award, preserve the correct local supplier-portal and approval records separately from State MFMP information.
It supports Florida State procurement activity. A contractor funding request is a separate commercial transaction with an independent finance partner.
Document receipt, inspection, approval, and payment.
Record who confirms delivery or service completion, who receives the invoice, which system records it, who inspects or approves it, whether the invoice is proper, whether any amount is disputed, and where the vendor can verify payment information.
Florida Statutes section 215.422 addresses State invoice processing and interest when the applicable payment window passes after receipt of the invoice and receipt, inspection, and approval of goods or services. Construction payment provisions, local-government procedures, disputes, and federal clauses can differ. The contract and current official source control.
Official references: Florida Statutes § 215.422, Florida Statutes § 255.073, and Florida DFS vendor resources.
Separate mobilization needs from an earned invoice.
Build a weekly schedule for payroll, materials, equipment, insurance, bonding, travel, subcontractors, taxes, retainage, contingency, billing milestones, and expected payment. Florida construction and emergency-response work can create especially uneven mobilization and reimbursement cycles, so match the request to documented job costs.
| Funding stage | Possible structure | Core evidence |
|---|---|---|
| Before the first invoice | Mobilization working capital or bridge financing | Executed award, budget, schedule, business capacity, bank activity, and use of funds |
| After an eligible invoice | Invoice advance, factoring, or receivables financing | Invoice, receipt or acceptance, aging, payment status, buyer verification, and assignment analysis |
| Bond requirement | Bid, performance, or payment bond support | Solicitation, bond forms, work history, financials, backlog, and indemnity information |
Make the Florida transaction easy to verify.
- Business fileLegal entity, ownership, W-9 or current State payee record, good standing, licenses, insurance, certifications, and contacts.
- Award fileExecuted contract or purchase order, amendments, scope, value, term, payment clauses, buyer, and contract administrator.
- Performance fileSchedule, budget, delivery or service records, subcontractor plan, inspection, acceptance, and change orders.
- Receivable fileInvoices, MFMP or local portal status, aging, retainage, disputes, offsets, and expected payment path.
- Restrictions fileAssignment, notice, recourse, guarantee, collateral, setoff, termination, public-record, and subcontract provisions.
Florida's public-records rules may affect communications with public entities. Keep proprietary or sensitive records in the secure private process requested by a verified funding partner, and never send passwords or bank credentials to an unverified contact.
Understand what happens if payment is late or disputed.
The independent partner—not GoVendor—verifies the file, performs underwriting, decides whether to offer funding, and sets the terms. Compare the net cash delivered, total cost, fees, reserve, recourse, collateral or guarantee, assignment, notice, controlled-account mechanics, default triggers, renewal, termination, and dispute treatment.
If a partner proposes to purchase an eligible receivable, confirm exactly what is being sold or assigned, what representations you make, whether recourse applies, how the government payment is directed, and how any reserve balance is reconciled.
Use 1–3 weeks as a planning range, not a promise.
- 01
Days 1–3: intake and fit
Confirm the buyer, award stage, requested amount, use of funds, and likely transaction structure.
- 02
Days 3–10: verification and underwriting
The partner reviews the award, performance, business capacity, receivable quality, payment path, and restrictions.
- 03
Days 7–15+: terms and closing
Resolve conditions, review agreements, complete any authorized notices or assignments, and coordinate an approved disbursement.
Do not commit payroll, materials, or subcontractor payments based only on a projected closing date. Wait for the partner to confirm conditions and timing.
Verify the procurement and payment record at the source.
Questions to resolve before partner review.
01Does MyFloridaMarketPlace fund contractor invoices?
No. MyFloridaMarketPlace is Florida's State eProcurement system. It supports vendor registration, sourcing, purchase orders, and related procurement activity. It does not lend or purchase receivables. Funding would come from an independent commercial partner after separate verification, underwriting, and final agreements.
02Can a Florida government award be funded before invoicing?
Sometimes. An invoice advance generally requires an eligible receivable, while mobilization working capital or bridge financing may address business-purpose performance costs before billing. Every independent partner sets its own program, underwriting, collateral, and documentation requirements.
03Does Florida require State invoices to be paid within 40 days?
Florida Statutes section 215.422 addresses State processing and interest when a warrant is not issued within the applicable period after receipt of the invoice and receipt, inspection, and approval of the goods or services. Disputes, contract terms, construction rules, local buyers, and federal awards can change the payment path. Confirm current official guidance for the specific contract.
04How fast can Florida contractor funding close?
A complete, eligible file may move through partner review and closing in roughly one to three weeks. Missing records, buyer verification, underwriting, legal review, banking schedules, assignment restrictions, retainage, disputes, or changing performance facts can extend the timeline.
05What does GoVendor charge a Florida contractor?
GoVendor does not charge the contractor an application or matching fee and there is no obligation to accept an introduction. GoVendor may receive a referral fee from an independent partner only if a transaction funds. The partner's agreement contains any financing costs and final terms.